“Revolution” is the best word to describe the events now going on in the Soviet Union and Eastern Europe. Up to 1989 a partial renovation of the administrative system was effected with a greater or lesser success, while preserving its fundamental principles: the leading role of the party, domination of the state form of ownership and monopoly of Marxism in the ideological life were preserved. This first attempt of perestroika has not satisfied the society or ended the state of crisis; if anything, it aggravated this state. New structures and mechanisms have not been established, while the old ones have become imbalanced. The very idea of reforms under socialism has become discredited, and there has been a weakening of faith in the possibility of its renewal. Confidence of the people in the ruling clique has been drastically lowered.
KeywordsJoint Enterprise Soviet Economy Political Pluralism Soviet Society Convertible Currency
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